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Property profile & analytics
OFF-MARKET
Estimated value
$5,650,000
Warehouses
3925 Bohannon Dr, Menlo Park, CA 94025-1054
Entity Owned
17-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-2252393
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1965
Total area
17,600 SF
Lot
1.05 ac (45,786 SF)
Zoning code
MH00M2
APN
055-253-150
UPID
US10-2252393
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Covered California Certified Agent Insurance Agency
-
Lee Scheuer Insurance Insurance Agency
-
Covered California Certified Agent - TODD SCHEUER Insurance Agency
-
Engulf Study Consultant
-
International ProInsurance Services, LLC Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.50M
Blend (final)
Blend
$5.65M
Owner & transaction history
Bohannon Drive Partners L 3925 · 17 yrs held
Bohannon Drive Partners L 3925
since 2008
6 recorded transactions
Zoning & alternative use
MH00M2 · Menlo Park, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$9.0M
+32.9%
Commercial (general)
$8.1M
+20.8%
Auto repair, garage
$8.0M
+18.7%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Menlo Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Menlo Park submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$6,735,000
Current use
RETAIL STORES
$8,950,000
Change: +33% · Conversion: Moderate
COMMERCIAL (GENERAL)
$8,135,000
Change: +21% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,995,000
Change: +19% · Conversion: Easy
Blend value · Realmo final
$5.65M
Range $5.09M – $6.22M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$321 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$54,613
Tax year 2024
Assessed value
$4,635,945
Assessed 2024
Previous assessed
$4,635,945
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$3,013,368
Assessed improvement
$1,622,577
Applied tax rate
8.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1965
Heating
NONE
Stories
1
Total area
17,600 SF
Lot
1.05 ac (45,786 SF)
Zoning code
MH00M2
APN
055-253-150
UPID
US10-2252393
Jurisdiction
SAN MATEO
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
MH00M2 · Menlo Park, CA
Zoning MH00M2 · permitted uses
MH00M2 · Menlo Park, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Menlo Park. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$6.7M
RETAIL STORES
Est. value
$9.0M
COMMERCIAL (GENERAL)
Est. value
$8.1M
AUTO REPAIR, GARAGE
Est. value
$8.0M
WAREHOUSE, STORAGE Current
RETAIL STORES
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1965
Heating
NONE
Stories
1
Lot
1.05 ac
Current owner
From public records · entity-resolved
Bohannon Drive Partners L 3925
Entity
Mailing address
75 CHEYENNE PT, PORTOLA VALLEY, CA 94028-7623
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 10, 2008
—
Bohannon Drive Partners L 3925
701 Marsh Road LLC
Grant Deed
$2,500,000 · First Republic Bank
Feb 14, 2008
$3,600,000
701 Marsh Road LLC
Driscoll Property Mgmt LLC
Grant Deed
$1,000,000 · Driscoll Property Management L
Nov 25, 2003
—
Driscoll Property Mgmt LLC
Dixon Group LLC
Grant Deed
related
—
May 19, 1999
$2,500,000
Richard & Patricia Dixon LLC
Cotter Trust
Grant Deed
$1,875,000 · Wells Fargo Bank
—
—
Bohannon Drive Partners L 3925
—
Deed Of Trust
related
$2,025,000 · Avidbank
—
—
1981 Trus Cotter
—
Deed Of Trust
related
$870,000 · University Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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